Escrow Cash definition

Escrow Cash is defined in Section 4.1(a).

Escrow Cash means the proceeds from the sale of the Escrow Shares pursuant to Section 12 of the Escrow Agreement.

Escrow Cash has the meaning assigned to it in Section 3.1(c).

Examples of Escrow Cash in a sentence

• The Escrow Cash shall be invested from time to time by the Indemnity Escrow Agent as provided in the Indemnity Escrow Agreement.

• The Escrow Agent shall be responsible for reporting any interest earned, as of each calendar year-end, on the Escrow Cash or Permitted Investments, or any cash dividends or other distributions made in respect of the Escrow Shares, to the IRS, whether or not such income was distributed by the Escrow Agent during any particular year.

• The Escrow Agent may delay accepting any Escrow Cash until the IRS forms shall have been provided.

• During the ten Business Days prior to the expiration of the Escrow Period, the Escrow Agent shall use its commercially reasonable efforts to liquidate all Escrow Assets (other than Escrow Shares and Escrow Cash) held in the Escrow Account so that no Escrow Assets other than Escrow Shares and Escrow Cash will remain in the Escrow Account upon the expiration of the Escrow Period.

• Income, if any, resulting from the investment of the Escrow Cash or the liquidation of Permitted Investments shall be retained by the Escrow Agent and will be considered, for all purposes of this Agreement, to be part of the Escrow Cash deposited in the Escrow Account.

More Definitions of Escrow Cash

Escrow Cash has the meaning set forth in Section 2.2(b) hereof.

Escrow Cash has the meaning set forth in Section 1.7(d).

Escrow Cash shall have the meaning set forth in Section 1.5(b).

Escrow Cash means the sum of the Working Capital Escrow Amount and the Known Claims Escrow Amount.

Escrow Cash means an amount of cash equal to the sum of (i) ten percent (10%) of the Total Share Purchase Consideration and (ii) the Separate Escrow Amount.

Escrow Cash means ten million dollars ($10,000,000) in cash if the Closing occurs on or before August 31, 2008, and twelve million dollars ($12,000,000) in cash if the Closing occurs after August 31, 2008 and the Purchase Price has been increased by twenty million dollars ($20,000,000) pursuant to clause (c)(iii) of the definition of Purchase Price.

Escrow Cash has the meaning ascribed thereto in Section 2.4(b) hereto.